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Added 19 June, 2018

cryptocurrency ATMs are growing

By some estimations, cryptocurrency is expected to grow at a compound average growth rate of 46 percent through to 2025. One limiting factor to the faster expansion of cryptocurrencies has been the inability to purchase, convert or sell the currency in real time. Now, tech company Virtual Crypto Technologies is introducing the NetoBit ATM, a new bi-directional bitcoin platform that allows real time conversion, purchase and sale of bitcoin.The NetoBit ATM uses a validation algorithm. This can precisely and quickly predict if a cryptocurrency transaction will be approved immediately by a blockchain at the point of transaction. Even before the block is digitally signed. This allows the transaction to be approved within seconds to minutes, as opposed to the 10 minutes to 24 hours which approval normally takes.

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